Student federal loan repaymentsand interest on that debthave been paused during the pandemic, thanks to federal COVID-19 relief legislation. As of October 2021, however, some 44 million borrowers who owe an estimated $1.7 trillion will have to start repaying debt that has grown exponentially over the past decade and a half. Many are ill-prepared to…
10:29 21/05/2021 MOSCOW, May 21 (RAPSI) The Moscow Commercial Court has declared ex-president of VIM Airlines Rashid Mursekayev and his wife Svetlana bankrupt, according to court records. The asset sale procedure has been introduced in their case for six months. In November 2020, the Basmanny District Court of Moscow issued an arrest warrant for co-owner…
Fracsand from a processing plant in Chippewa Falls, Wisc. Steve Karnowski/ AP Photo A frac sand mining company that declared bankruptcy last year is liquidating one of four Wisconsin mines. Prior to the filing, Texas-based Hi-Crush Proppants was one of the state’s biggest producers of sand used in hydraulic fracturing for oil and natural gas.…
ROBERT KITCHIN/STUFF Financial Markets Authority chief executive Rob Everett and Reserve Bank governor Adrian Orr deliver the findings of their joint review into the conduct and culture of banks in New Zealand. First published in 2018. OPINION: Dani* had a problem with gambling. He asked his bank to put a stop on his borrowing, and…
Liberty Steel, the company led by British Indian businessman Sanjeev Gupta, on Monday announced very constructive and productive meetings as part of its ongoing restructuring plans, which will result in the sale of its Stocksbridge plant in south-east England to help pay back lender Credit Suisse. Gupta, who heads the wider Gupta Family Group (GFG)…
A newly-released report from R3, the insolvency and restructuring trade body, shows that the profession rescued 7,200 businesses and saved 297,000 jobs in 2019. The profession advised around 60,000 businesses in 2019 about insolvency and restructuring-related issues. Four out of 10 (39%) businesses advised by R3 members were still operating after their insolvency procedure concluded,…
Fracsand from a processing plant in Chippewa Falls, Wisc. Steve Karnowski/ AP Photo A frac sand mining company that declared bankruptcy last year is liquidating one of four Wisconsin mines. Prior to the filing, Texas-based Hi-Crush Proppants was one of the state’s biggest producers of sand used in hydraulic fracturing for oil and natural gas.…
The Lithuania parliament decided last week that it would enforce a blanket ban on all gambling activities after it received a majority of over 105 votes call for a complete ban on land based and online gambling ads. The proposed gambling ban is expected to come into effect from July 1, 2021. The Lithuania Gaming…
The administrator of Dewan Housing Finance Corp. has questioned the curious timing of Mumbai National Company Law Tribunals May 19 direction to the creditors committee. The order of the NCLT has the effect of disrupting the strict timelines under the insolvency code. The CoC is being compelled to vote on promoter Kapil Wadhawans settlement proposal…
Neil Maloney (45), from Oswaldtwistle, Lancashire, was sentenced to 21 months, suspended for 2 years, for fraud offences after taking more than 26,000 in credit from a car parts distributor. Neil Maloney was made bankrupt in December 2015 and his discharge from bankruptcy was suspended indefinitely. Between May and July 2017, the defendant obtained more…